SPORTS EXECUTIVE WEEKLY last week had a chance to take a sneak peek at the new GBMI incarnation of the Pony brand at the recent FFANY show in NYC. Some product will be available for late Holiday delivery with a full launch in spring of 2004.
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Ashworth Lowers Prices to Drive Sales…
Ashworth is capitalizing on its license for the Callaway brand, but price pressure from competitors and a soft retail environment has caused the company to cut prices on its basic product in the 8% to 10% range in the second quarter to fuel at-once busine
THC Prices IPO to Pay NHL…
The Hockey Company Holdings Inc., which will be the new Canadian public entity that owns the CCM, JOFA and KOHO brands, has priced its Initial Public Offering of 4.5 million common shares at CN $16.00 per share. The offering is not available for sale in
April U.S. Factory Orders Shrink…
The Commerce Department reported on Thursday that April orders for goods manufactured in the U.S. saw their largest decline in more than a year, falling 2.9% to $320.0 billion for the month. Economists were expecting a 1.8% decline.
The Fair Labor Association Releases First Report
The Fair Labor Association made public findings from independent audits of seven major footwear and apparel companies, probing the protection of workers rights in the companies’ global operations on a factory-by-factory basis. The companies included in t
Nike and Apparel Fuel Another Breakout Quarter for The Finish Line
The Finish Line, Inc. reported net sales of $207,805,000 for the thirteen weeks ended May 31, 2003, an increase of 22% over net sales of $170,576,000 for Q1 last year which ended June 1, 2002. Comparable store net sales for Q1 increased 14% on top of a 3%
Phoenix Will Report Q2 Charge Due to Shareholder Suit
Phoenix Footwear Group, Inc. has received a decision from the Superior Court in Penobscot County, Maine regarding the dissenting stockholders suit associated with Phoenix Footwear's March 2000 acquisition of the Penobscot Shoe Company. The Court det
Pacific Trail to Run as Separate Operation
London Fog Industries will separate its three primary divisions–Pacific Trail, London Fog Trade and London Fog Factory Outlet Stores–into independently managed businesses. As FFI CEO, Bill Dragon will continue to direct and oversee all operations of th
Tropical Sells the Duck Head Brand to Goody’s
Tropical Sportswear Int'l Corporation announced has sold the Duck Head trademark to Goody's Family Clothing, Inc. for $4 million in cash. The purchase agreement provides that TSI will be able to continue to sell existing Duck Head inventory for
Callaway Settles with ‘Big Easy’ Knockoff Sellers
Callaway Golf Company announced that Shirley Tsou and GolfCo in Brea, California, as well as Alex Mowry and National Golf Liquidators of Oceanside and Anaheim, California, have agreed to a permanent injunction prohibiting them from selling “Big Easy” golf
Quick, Before They Get On Solid Food…
With the LeBron James endorsement deal saga now over, it’s time to get down to the serious business of signing up athletes before they garner the attention of adidas’ Sonny Vacarro…
The Post Takes on Footstar…
The New York Post, that Bible of American finance, devoted a full page in last Tuesday’s issue to take Footstar to task for its oft-delayed filing of its 10K and 10Q financial reports…
LandL Acquires Southern Athletic Brand…
Russell Corporation has sold the Southern Athletic trademark and related assets The L&L Group, which has licensed the brand since May 2002. The L&L Group, privately held and formed in 1948, owns Foremost Athletic, L&L Concession Co, Reach Athletic, and Un
Heavier Inventories Drive Retail Pricing Power Index Lower…
Retailers seem to be looking to brighter times ahead if the latest Retail Sector Performance Index is any indication. But increasing retail inventories and reduced traffic look to dampen profits as pricing comes under pressure.
Apparel Brand Logos Losing Cache???
The Brand Keys Fashion Index for 2003 appears to suggest that consumers are less enamored with apparel brand logos and labels than a few years ago, with many consumers adopting a 'back to brand basics' mentality. The index is a result of a semi